Question
A company's profit margin this past year was 25%.It has no debt.In order for ROE to equal 16% its Turnover Ratio must have been (not
A company's profit margin this past year was 25%.It has no debt.In order for ROE to equal 16% its Turnover Ratio must have been (not in %):
a).04
b).25
c).4
d).64
e)1.5625
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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